Asia Pacific Microtome Market: Industry Analysis and Forecast (2024-2030)

Asia Pacific Microtome Market Definition/ Overview:

Asia Pacific Microtome Market report examines the market's growth drivers as well as its segments. Data has been provided by market participants, and regions. This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2018-2022), statistics, infographics, and presentations are used. The report examines the Asia Pacific Microtome markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Asia Pacific Microtome market.

 

A microtome is a specialised tissue sectioning equipment used to cut uniformly thin slices of biological samples acquired from plants and animals. For various specimens and sample thicknesses, it consists of specialised blades made of metal, glass, or diamond. Hand-held, rotational, vibrating, sledge, cryostat, and ultramicrotome are some of the most commonly used microtomes. A block holder, knife clamps, block adjustments, thickness gauge, and an operating handle are all included. Microtomes offer a variety of cutting modes, including single, interval, multi, and continuous high throughput serial sectioning. They are commonly utilised for accurate diagnosis of chronic diseases and aid in cytological, histological, and pathological studies. Asia pacific Microtome market is expected to grow at a very high pace and overtake Europe in terms of market share.

 

 

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Asia Pacific Microtome Market Dynamics:

Asia Pacific Microtome Market Drivers:

Fast Developing Strong Economies – Developing economies in Asia Pacific region like India, Korea and some developed economies like China, Japan, Australia are driving the microtome market in this region. There are many key players from these countries like PHC holdings corporation (Japan), SM Scientific Instruments Pvt. Ltd. (India), Jinhua Yidi Medical Equipment Co., Ltd (China), Medimeas (India), Erma Inc. (Japan), etc. Many developments have been done by these companies for this region by mass-production of microtomes and also, they have presence in other regions. They help in keeping up with the demand of microtomes in this region.

 

Direct intervention from International Organizations - Growing cancer screening awareness programmes launched by organisations like the World Health Organization (WHO), the Asia Cancer Foundation, the Asian Clinic Oncology Society, the Asian Funds for Cancer Research (AFCR). For example – the Asian Funds for Cancer Research provided poor Asian countries with some microtome accessories which are cheap but effective and pathologies and some processes can be done without high tech. laboratories wo cure cancers at least which are at earlier stages.

 

Cancer is one of the leading causes of death in Asia Pacific, and its rising prevalence is increasing the number of histopathology tests performed. To forecast the start of cancer, a tissue pathology analysis is required when examining a malignant tumour. According to data reported, Cancer is the second biggest cause of death in the Asia-Pacific area, after cardiovascular disease. In 2016, cancer claimed the lives of 5 million people in Asia-Pacific in 2021 (or 17 percent of all deaths). There are more than 100 types of cancers prevailing in this region and they need different types of microtomes for specific processes. That increases the demand of microtomes in Asia pacific region driving the Asia Pacific Microtome Market.

 

Asia Pacific Microtome Market Restraints

Lack of payment policies – In Asia Pacific, the microtome market's growth may be restricted in the forecasted period because of a lack of acceptable repayment programmes for these devices, as well as decreases in reimbursement policies. Countries like Tajikistan, Yemen, Cambodia, Afghanistan, etc. don’t have advanced payment options and also repayment programmes as these economies have less personal disposable income and good repayment option is quite a necessity in economies like these.   

 

COVID-19 Impact on Asia Pacific Microtome Market:

The COVID-19 pandemic has had a considerable impact on cancer patients, surgical cases, and others in terms of surgical wound management in Asia Pacific region, especially countries like China, India, Pakistan, etc. Players in the microtome and associated accessories sector are having difficulty keeping their production facilities fully operating during the COVID-19 epidemic because to a lack of staff and resources. The infections have gotten more serious and sensitive during the Covid-19 epidemic, yet this market has been negatively impacted due to a lack of production.

 

Asia Pacific Microtome Market Segment Analysis

By Product, the Asia Pacific Microtome Market is segmented as Microtome Instruments, Microtome Accessories. Microtome Instruments dominate the Asia Pacific Microtome market with the market share of 77% in the year of 2023 mainly because of its availability in various varieties like Rotatory Microtome, Vibrating Microtome, Cryostat Microtome, etc. and their affordability. Also, key manufacturers from these regions are doing extensive research and development to make better and cheaper microtome machines like SM scientific instruments from India worked on cheapest Semi-Automatic Rotatory Microtome in the world and is now producing and exporting to different parts of the world. Microtome Accessories have the 23% market share due to high price and less accessibility. But this segment is expected to gain good pace and have a good market share of about 23% till the end of forecasted period because of late advancements such as portability and user-friendly operability.    

 

 

By Technology, the Asia Pacific Microtome Market is segmented as Automatic, Semi-Automatic and Manual. Automatic dominates the market with the market share of 45% in 2023 because of the growing need for technologically advanced items that can demonstrate the highest level of precision in section thickness and Asia Pacific has many advanced laboratories where these automatic microtomes can be used at their full potential but these laboratories are present in only few countries like India, China, Japan, Australia and because of that the use of automatic microtomes is also less and hence, the market share of automatic microtomes in Asia Pacific is way less than that in North America and Europe. Semi-automatic has the market share of 33% and is expected to have the highest growth in the market as these are cheaper than automatic microtomes and developing countries in Asia Pacific are adopting this technology. Manual has the market share of 22% in 2023 as they are the cheapest among all the segments and is viable for non-developed countries like Tajikistan, Kazakhstan, Pakistan, etc. Also, countries like China, India, and South Korea have great doctors and great expertise people who can easily handle the manual microtomes and do manual adjustments to them. 

 

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Asia Pacific Microtome Market Scope:

Asia Pacific Microtome Market Scope
Market Size in 2023	USD 110.25 Mn.
Market Size in 2030	USD 180.54 Mn.
CAGR (2024-2030)	7.3%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Technology Automatic Semi-automatic Manual
	by Product Type Microtome Instruments Microtome Accessories
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

Asia Pacific Microtome Market Key Players

• Amos Scientific Pty. Lt
• Autobio Diagnostics
• Sm Scientific Instruments Pvt. Ltd.
• Shenzhen Dakewei Biotechnology Co., Ltd.
• Medimeas
• Radical Scientific Equipments Pvt. Ltd.
• Guangzhou Xiuwei Technology Co., Ltd
• Beetta Instruments & Equipment Co.